Conflict Minerals

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Conflict Minerals

In 2010, President Obama signed the Dodd-Frank Consumer Protection Act into law. Section 1502 of that act addresses the international trade and use of Conflict Minerals. 

But what are Conflict Minerals and how do they affect our everyday lives? Like the similar issue of Conflict Diamonds or Blood Diamonds, the term Conflict Minerals refers to minerals mined in conditions of armed conflict and human rights abuses, mostly in the eastern provinces of the Democratic Republic of the Congo.

Source Intelligence can help you understand some of the key points surrounding this issue and what it means for consumers and companies in the United States.

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Content from this campaign

Think It’ll be Easy to get Your Suppliers to Engage on Conflict Minerals by Yourself? Think Again.
Although nearly 1,300 public companies have filed with the SEC for Conflict Minerals compliance, over 95% of these companies said that they did not know the source of their 3TG (tin, tungsten, tantalum, and gold). The primary reason they filed “indeterminable” is because they could not get their suppliers to engage in the process. However, public companies will not be able to file “...
Jun 6, 2014 2:50 PM ET
Kemet, Intel, Apple, HP Sets Best Example For Conflict Minerals
Of the companies filing form SD and Conflict Mineral reports with the SEC this past Monday, a few raised the bar. Only a handful of these companies could declare “DRC Conflict Free” or “Portion DRC Conflict Free”. Even fewer, including Intel Corporation (INTC) and KEMET Corp. (KEM), conducted an Independent Private Sector Audit (IPSA) and named their auditor in the report. Apple and Hewlett-...
Jun 5, 2014 5:40 PM ET
Initial Conflict Minerals Filers Reluctant to be Transparent
The deadline for public companies’ first disclosure to the SEC on conflict minerals arrived on Monday, June 2nd. The vast majority of filers are stating in their filings that they have not yet been able to determine the source of their tin, tantalum, tungsten, or gold (3TG). In fact, although filings continue to trickle in after the SEC dealine, over 95% of the companies are...
Jun 5, 2014 5:15 PM ET
Partial Victory For the SEC on its Conflict Minerals Rule
The recent ruling by the Court of Appeals has no impact on whether or not issuers are obligated to conduct due diligence, a reasonable country of origin inquiry, or file a Form SD or CMR. Ultimately, the ruling was over the semantics involved in classifying products as “DRC conflict free” in reports filed with the Commission and on the company web site. The SEC will be investigating the label...
Apr 15, 2014 2:30 PM ET
Source Intelligence Launches Conflict Minerals Case Study Series
April 10, 2014 /3BL Media/ – Carlsbad, CA based Source Intelligence embarked on a series of IDC Manufacturing Insights- authored case studies to develop a conflict minerals "best practices" resource across 5 industries. Insight will be based on actual compliance programs awarded to Source Intelligence and cover the 2013 reporting period.  The first phase of the case study initiative will offer...
Apr 10, 2014 4:45 PM ET

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